Dogecoin is definitely on a rally as shown by crypto market numbers. The cryptocurrency has experienced a significant market increase amidst a wider consolidation, with the price up by 7.46% in the past seven days. 

正如加密貨幣市場數據所示，狗狗幣無疑正在上漲。在更廣泛的整合中，加密貨幣經歷了顯著的市場上漲，過去 7 天價格上漲了 7.46%。

Although the price of DOGE was recently pushed back down today by some level of resistance near $0.087, it has since bounced back up again at $0.082. At the time of writing, DOGE is trading at $0.084, an increase of 2.4% from this support level. This indicates that the bulls are not ready to give up buying momentum. 

儘管 DOGE 的價格最近被 0.087 美元附近的一定阻力位壓低，但此後又再次反彈至 0.082 美元。截至撰寫本文時，DOGE 的交易價格為 0.084 美元，較該支撐位上漲 2.4%。這表明多頭尚未準備好放棄購買動力。

According to a recent post by crypto analyst Rekt Capital on social media, DOGE has finally confirmed a break out of a descending channel pattern. On-chain signals also point to a huge surge in interest and trading volume, indicating DOGE might be going higher soon.

根據加密貨幣分析師 Rekt Capital 最近在社群媒體上發布的帖子，DOGE 終於確認突破下降通道模式。鏈上訊號也顯示興趣和交易量大幅飆升，表明 DOGE 可能很快就會走高。

$DOGE has confirmed a breakout from its Channel#DOGE #Crypto #Dogecoin pic.twitter.com/SvmtG65FZa

$DOGE 已確認其頻道突破#DOGE #Crypto #Dogecoin pic.twitter.com/SvmtG65FZa

— Rekt Capital (@rektcapital) November 17, 2023

— Rekt Capital (@rektcapital) 2023 年 11 月 17 日

Metrics Signal Impending Breakout

指標訊號即將突破

The current state of the cryptocurrency market appears to be one of general consolidation when viewed through the lens of the price action of the many different cryptocurrencies that are tracked by Coinmarketcap. 

從 Coinmarketcap 追蹤的許多不同加密貨幣的價格走勢來看，加密貨幣市場的當前狀態似乎是一種普遍整合。

Crypto market caps seem to be running out of steam after a four-week consecutive rally. However, Dogecoin’s market value has been increasing over the past week, bucking the trend of most other cryptocurrencies in the top 10 by market size, which has all shown a decline in their market caps over the past week. 

在連續四周上漲後，加密貨幣市值似乎正在失去動力。然而，狗狗幣的市值在過去一周一直在增長，與市場規模排名前十的大多數其他加密貨幣的趨勢相反，這些加密貨幣的市值在過去一周都出現了下降。

Dogecoin has finally broken out of its narrow trading range in the weekly candle chart, surging over 45% in the past month. Several catalysts have contributed to this impending breakout, one of which is an increased trading activity. Another catalyst is the announcement of Astrobotic’s plan to send a physical Dogecoin token to the moon in December.

狗狗幣終於突破了周蠟燭圖上的狹窄交易區間，過去一個月飆升了 45% 以上。多種催化劑促成了即將到來的突破，其中之一就是交易活動的增加。另一個催化劑是 Astrobotic 宣布計劃於 12 月向月球發送實體狗狗幣代幣。

Whale movements have also contributed for the most part. According to on-chain data from crypto analytics platform Santiment, the cumulative balance of wallets holding 10 million to 1 billion DOGE has increased from 44.63 billion DOGE tokens on November 1 to a cumulative balance of 47.38 billion DOGE tokens on November 17th. As a result, these large holders have increased their holdings by 2.75 billion DOGE, worth approximately $231 million at the crypto’s current price.

鯨魚的活動也做出了很大的貢獻。根據加密分析平台 Santiment 的鏈上數據，持有 1,000 萬至 10 億 DOGE 的錢包累計餘額已從 11 月 1 日的 446.3 億 DOGE 代幣增加到 11 月 17 日的累積餘額 473.8 億 DOGE 代幣。結果，這些大持有者增加了 27.5 億 DOGE 的持有量，以加密貨幣當前價格計算，其價值約為 2.31 億美元。

How High Can The Dogecoin Price Go?

狗狗幣價格能漲多高？

The technical indicators for Dogecoin are looking quite bullish right now. The short 10-day Moving Average has climbed steadily above the longer 21-day Moving Average since a bullish cross on October 23 last month, indicating the bulls still have major control over the market. A continued bullish momentum could see the crypto break various price resistances, the first being the $0.87 level.

狗狗幣的技術指標目前看起來相當看漲。自上個月 10 月 23 日看漲交叉以來，短期 10 日移動平均線已穩步攀升至較長的 21 日移動平均線上方，表明多頭仍對市場擁有主要控制權。持續的看漲勢頭可能會讓加密貨幣突破各種價格阻力，第一個是 0.87 美元的水平。

Doge is trading at $0.08440 at the time of writing. The next hurdle is to break above $0.09 and then move towards $0.1. According to IntoTheBlock’s Global In/Out Of The Money metric, about 1.58 million addresses are still waiting for DOGE to climb above their minimum buying price of $0.858 before making a profit.

截至撰寫本文時，Doge 的交易價格為 0.08440 美元。下一個障礙是突破 0.09 美元，然後向 0.1 美元移動。根據 IntoTheBlock 的全球資金流入/流出指標，約有 158 萬個地址仍在等待 DOGE 突破 0.858 美元的最低購買價格，然後才能獲利。